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Question: Purchased a truck for $140,000 cash on the 1st of January. The truck will be depreciated overan 8 year period. You decide to use the 200% declining-balance depreciation method because it is determined that the truck will be more productive when it is newer. The truck has an estimated salvage value of $8,000. What is the depreciation schedule per year?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92574298

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